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G/USDT Analysis | Has the correction ended and a new upswing started?
On the 1-hour timeframe, the correction was completed to accumulate liquidity from the main demand zone (0.00758$- 0.00766$), with the bullish structure remaining intact. On the 5-minute timeframe, a shift in direction appeared (CHoCH) along with a successful test of the Order Block toward the nearby resistance.
๐ง Technical situation & supports:
* ๐งฑ Near resistance: 0.00848$- 0.00878$ range.
* ๐ก๏ธ Demand zone & positioning: 0.00758$- 0.00766$ range.
๐ข Scenario 1: Confirming the start of the upswing
* ๐ Condition: A breakout and a positive close above resistance 0.00850$.
* ๐ฏ TP1: 0.00878$ range.
* ๐ฏ TP2: Retest of the previous top at 0.01021$.
* ๐ฏ TP3: Extension toward 0.01432$.
* ๐ก๏ธ SL: Closing below 0.00758$.
๐ด Scenario 2: Retesting the demand zone
* ๐ Condition: Rejection from resistance 0.00850$ and a pullback to retest.
* ๐ Demand zone: 0.00758$- 0.00766$ range.
* ๐ฏ TP1: Return to 0.00850$.
* ๐ฏ TP2: Target 0.01021$.
* ๐ฏ TP3: Reach 0.01432$.
* ๐ก๏ธ SL: Closing below 0.00688$.
๐ก Reminder: Sticking to the conditions and managing risk is the foundation of trading! ๐โก
#GUSDT #Binance #CryptoAnalysis #Trading #SmartMoneyConcepts #TechnicalAnalysis #Cryptocurrency #Altcoins
G/USDT Analysis | Has the correction ended and a new upswing started?
On the 1-hour timeframe, the correction was completed to accumulate liquidity from the main demand zone (0.00758$- 0.00766$), with the bullish structure remaining intact. On the 5-minute timeframe, a shift in direction appeared (CHoCH) along with a successful test of the Order Block toward the nearby resistance.
๐ง Technical situation & supports:
* ๐งฑ Near resistance: 0.00848$- 0.00878$ range.
* ๐ก๏ธ Demand zone & positioning: 0.00758$- 0.00766$ range.
๐ข Scenario 1: Confirming the start of the upswing
* ๐ Condition: A breakout and a positive close above resistance 0.00850$.
* ๐ฏ TP1: 0.00878$ range.
* ๐ฏ TP2: Retest of the previous top at 0.01021$.
* ๐ฏ TP3: Extension toward 0.01432$.
* ๐ก๏ธ SL: Closing below 0.00758$.
๐ด Scenario 2: Retesting the demand zone
* ๐ Condition: Rejection from resistance 0.00850$ and a pullback to retest.
* ๐ Demand zone: 0.00758$- 0.00766$ range.
* ๐ฏ TP1: Return to 0.00850$.
* ๐ฏ TP2: Target 0.01021$.
* ๐ฏ TP3: Reach 0.01432$.
* ๐ก๏ธ SL: Closing below 0.00688$.
๐ก Reminder: Sticking to the conditions and managing risk is the foundation of trading! ๐โก
#GUSDT #Binance #CryptoAnalysis #Trading #SmartMoneyConcepts #TechnicalAnalysis #Cryptocurrency #Altcoins
